Fed rate hike bets boost dollar, Ueda comments weigh on yen.

1 min read
Source: Reuters
Fed rate hike bets boost dollar, Ueda comments weigh on yen.
Photo: Reuters
TL;DR Summary

The US dollar strengthened after a strong jobs report boosted expectations of a US interest rate hike in May, while the yen weakened as the new Bank of Japan Governor Kazuo Ueda signaled no hurry to dial back its massive stimulus. The Australian and New Zealand dollars fell after China began three days of military drills on Saturday simulating precision strikes against Taiwan. In cryptocurrency, bitcoin rose more than 3% to $39,266 and earlier reached $29,311, its highest level since March 24.

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